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> Since the purchase, Twitter has lost 85% to 90% of its revenues. Source? Is this true?
by MuffinFlavored 2y ago
> Since the purchase, Twitter has lost 85% to 90% of its revenues.
Source? Is this true?
- smallerize 2y ago84% as of August, according to documents obtained by the NYT. https://finance.yahoo.com/news/twitters-revenue-collapses-84-tesla-171535190.html https://finance.yahoo.com/news/twitters-revenue-collapses-84...
- toomuchtodo 2y agoNot great when you have to pay $1B in interest per year.
- churchill 2y agoYeah, thanks for this. The WSJ piece was reporting -84%, but if you measure against Twitter's last full year/publicly reported revenues before going private, it's closer to -90%.
- bloopernova 2y agoNot sure about those figures, but WSJ ran a story recently about a musk email saying x was barely breaking even: https://archive.ph/cCOlA https://archive.ph/cCOlA https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1?st=qi4q4y&reflink=desktopwebshare_permalink https://www.wsj.com/finance/banking/wall-street-banks-prepar...